H-F District 233 AAA Bond Rated by Standard & Poor's

Homewood-Flossmoor High School is now part of a rare collection of schools in the nation, after receiving a AAA rating from Standard & Poors. The rating places H-F as just one of 69 schools in the nation, including 23 in Illinois, with a AAA rating. The school was previously rated as AA+ last year.

“There are so few districts in the country to receive this rating; it is really something special and denotes the hard work and dedication of many,” said District 233 board of education President Richard Lites in a release. “The AAA rating truly puts our district in an elite class. Less than two percent of school districts in the nation receive a AAA rating by Standard & Poor’s.”

The district was upgraded by Standard & Poor's due the school's participation in the diverse Chicago metropolitan area economy; its good financial management assessment; its strong cash reserves; its very strong fund balance; its very strong per capita wealth and median household effective buying income levels; and a moderate debt burden with limited future capital needs, according to the release. The school's strong financial projections through the 2017 Fiscal Year, also played a part in the higher ranking.

“This rating will benefit Homewood-Flossmoor High School’s financial profile for the foreseeable future,” said Andrew Lindstrom, chairman of School District 233’s finance committee. “The rating allows us to get the lowest competitive interest rates for bond financing, saving taxpayers hundreds of thousands of dollars.”

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